Vietnam Revokes $3.2B Oil Refinery Project License
HANOI, March 8 (Reuters) – Vietnam has revoked the investment license for a foreign-owned $3.2-billion oil refinery project in the country’s central province of Phu Yen, a local government official told Reuters on Thursday.
The 160,000-barrel-per-day facility was due to be built through investments from UK-based Technostar Management Ltd and Russia’s Telloil Group to produce liquefied petroleum gas, jet fuel, gasoline and diesel, according to state media.
“The refinery was scheduled to become operational this year, but…
